IV expands its list of university partnerships:
“This partnership will enhance McGill’s access to global commercial markets for its innovations and will allow IV to invest in the work of McGill faculty in areas of interest to the company, such as next generation data centres, dynamic surgical enhancements, and green and sustainable chemistry. McGill will own the resulting patents, and IV will receive a license to commercialize them. The inventors will earn a share of the profits from inventions that are commercialized.
Under the partnership, IV will identify specific areas of interest where technical problems or market opportunities exist. McGill researchers and IV may then develop new inventions in these areas and could also engage in additional proof of concept development projects. This partnership is not exclusive, therefore allowing both McGill and IV to engage with others on matters related to intellectual property.
McGill joins a growing list of the world’s best universities that now work with IV to help them in the development and commercialization of certain new inventions.”
While an intriguing business model and clever, the growing academic-IV partnership machine strikes one as unseemly.